Market Report 17-06-2009.

Both ASI & MPI indices gained over 2% for the day. ASI closed 50.51 points higher at 2342.92 while more liquid Milanka closed the day 59.02 points higher at 2618.08. Turnover was healthy at 1.01 billion rupees.

Market heavy weight stocks such as John Keells Holdings (JKH) & Sri Lanka Telecom (SLT) helped the indices to climb this much. Over 3 million shares of JKH traded & it was up by 4.50 to close at Rs 128.25. SLT gained 1.75 to close at Rs 44.75.

Yesterday Central Bank announced that Sri Lanka will receive US$ 2.5 loan from World Bank within this month. With this announcement investors chased two development Banks namely DFCC & NDB. DFCC gained 7.25 to close at Rs 128.25 while NDB was up by 5.25 to close at Rs 135.25.

Aitken Spence the stock which was gaining continually during past few days lost 8.50 to close at Rs 600.00.

As investors on positive attitude market will continue to grow with limited declines due to profit taking.

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Filed under: Colombo Stock Market • Daily Stock Market Report

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